Cap'n Jaspers Ltd 30/06/2025 iXBRL

Company registration number: 4794338

Cap'n Jaspers Ltd

Unaudited filleted financial statements

30 June 2025

Cap'n Jaspers Ltd

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Cap'n Jaspers Ltd

Directors and other information


	Directors	Mrs G Curtin
		Mr A Curtin


	Secretary	Mrs G Curtin


	Company number	4794338


	Registered office	18 Peverell Terrace
		Plymouth
		Devon
		PL3 4JL


	Accountants	Franklins Accountants LLP
		Astor House
		2 Alexandra Road
		Mutley Plain
		Plymouth
		PL4 7JR

Cap'n Jaspers Ltd

Statement of financial position

30 June 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	-		-
Tangible assets	7	276,349		278,708
		_______		_______
			276,349		278,708

Current assets
Stocks		2,948		3,045
Debtors	8	10,848		17,955
Cash at bank and in hand		85,585		79,492
		_______		_______
		99,381		100,492
Creditors: amounts falling due
within one year	9	( 70,154)		( 63,439)
		_______		_______
Net current assets			29,227		37,053
			_______		_______
Total assets less current liabilities			305,576		315,761


Provisions for liabilities			( 3,627)		( 4,467)

			_______		_______
Net assets			301,949		311,294
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			301,849		311,194
			_______		_______
Shareholders funds			301,949		311,294
			_______		_______

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 October 2025 , and are signed on behalf of the board by:

Mrs G Curtin

Director

Company registration number: 4794338

Cap'n Jaspers Ltd

Notes to the financial statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Cap'n Jaspers, 18 Peverell Terrace, Plymouth, Devon, PL3 4JL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 18 (2024: 19 ).

5. Tax on profit/loss

Major components of tax expense/income

	2025	2024
	£	£
Current tax:
UK current tax expense	4,521	95
Adjustments in respect of previous periods	-	( 7,766)
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 840)	( 835)
	_______	_______
Tax on profit/loss	3,681	( 8,506)
	_______	_______

6. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 July 2024 and 30 June 2025	161,843	161,843
	_______	_______
Amortisation
At 1 July 2024 and 30 June 2025	161,843	161,843
	_______	_______
Carrying amount
At 30 June 2025	-	-
	_______	_______
At 30 June 2024	-	-
	_______	_______

7. Tangible assets

	Long leasehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 July 2024	260,841	89,838	11,045	361,724
Additions	-	519	-	519
	_______	_______	_______	_______
At 30 June 2025	260,841	90,357	11,045	362,243
	_______	_______	_______	_______
Depreciation
At 1 July 2024	-	73,171	9,845	83,016
Charge for the year	-	2,578	300	2,878
	_______	_______	_______	_______
At 30 June 2025	-	75,749	10,145	85,894
	_______	_______	_______	_______
Carrying amount
At 30 June 2025	260,841	14,608	900	276,349
	_______	_______	_______	_______
At 30 June 2024	260,841	16,667	1,200	278,708
	_______	_______	_______	_______

8. Debtors

	2025	2024
	£	£
Other debtors	10,848	17,955
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	12,732	14,738
Corporation tax	4,521	-
Social security and other taxes	21,997	33,143
Other creditors	30,904	15,558
	_______	_______
	70,154	63,439
	_______	_______

10. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Later than 5 years	362,250	405,000
	_______	_______

11. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mrs G Curtin	( 6,795)	7,532	( 13,821)	( 13,084)
	Mr A Curtin	( 6,795)	6,990	( 13,279)	( 13,084)
		_______	_______	_______	_______
		( 13,590)	14,522	( 27,100)	( 26,168)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mrs G Curtin	( 8,935)	4,327	( 2,186)	(6,794)
	Mr A Curtin	( 8,935)	4,241	( 2,100)	(6,794)
		_______	_______	_______	_______
		( 17,870)	8,568	( 4,286)	(13,588)
		_______	_______	_______	_______

The directors have loaned the company £26,168 at the year end date, the loan is interest free and repayable in less than one year.

12. Controlling party

The company is controlled by Mr A and Mrs G Curtin (directors and shareholders)